When it comes to choosing the software you use in credit management, it’s good to remember that there aren’t really many “bad” tools. But there are lots of “wrong” tools. Check out which one is right for you!
When it comes to keeping your credit management and IT functions connected and running smoothly, there are benefits to both on-premises and hosted solutions. Read on and discover what you should think about when you need to make the choice.
It has long been prophesised that one day robots will render human labour obsolete. However, rather than plunging society into the unknown of universal unemployment, artificial intelligence has the potential to revolutionise business while working alongside humans.
This is because technology lacks one vital possession that means it can never replace humans entirely: a heart.
There are quick fixes and long-term solutions. Both options have their place and the right choice depends on what you need. Automating with the right tools will transform your SSC from a transactional hub to a place that adds serious value back to the board fast and will keep doing so in the long-term. So you don’t have to make that decision.
We all know that management is not just looking for a big stack of finished reports sitting on their desks. What they really want is money in the bank to pay suppliers and paychecks. So figure out your priorities and get to work.
Software can play a big part in how efficient you are. But the wrong tech can slow you down and could even lead to errors. Check out the right ways to become 20 per cent more effective.
Successful credit management increases the predictability and reduces the risk associated with your cash inflow. Start making smart use of your data so you can look into your own crystal ball, this helps you take informed business decisions and reduce risk for the future.
The goal of credit management is not simply to clear the payment path for outstanding invoices. Communicating in a positive and pro-active way can ensure that the relationship is sustained.